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Listed By
Agency Name: Howard Hanna
Agency Contact: joshuaswartz@howardhanna.com 330-861-6764
Shown By
Agent Name: Leah Ackerman
Agent Phone: (614) 306-5050
Agency Title: Cutler Real Estate
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Property Description
This rare and lucrative investment opportunity in Kent, Ohio, offers a licensed 10-bedroom rental property, one of the last of its kind in the city. The property is mostly gutted and ready for renovation, featuring four levels of living space (including the basement), that used to include two kitchens, two living rooms, three bathrooms, ten bedrooms, and a laundry room. The house has had significant updates, including two updated electric panels, a new roof, new gutters, newer siding, and new soffits. The sewer is attached, and gas runs directly from the street to the meter. There are 10 parking spots on the property, and the home offers stunning balcony views of Downtown Kent. Located within walking distance of Kent State University, this property used to generate an annual rental income of approximately $70,000. It's a rare opportunity to own a licensed rental property in a prime location?an excellent investment for long-term income.
Property Features
Property Type: Commercial - Business
Basement: Yes
Days on Market: 42
Heating: None
Lot Size: 0.19 Acres
Stories: 3.0
Taxes: $6,108 / year
Year Built: 1930
Feature Descriptions
Parcel#: 17-024-40-00-035-000
Sewer: Public Sewer
Water: Public
Local Schools
School District: Kent City
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239 E College Avenue | MLS# 5111507
This commercial property located at 239 E College Avenue, Kent, OH 44240 is currently listed for sale with an asking price of $299,900. E College Avenue is located within the Kent City school district. Search Kent real estate on www.leahackerman.com today.